Petrofac Limited’s (PFC) “Sector Performer” Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reiterated their sector performer rating on shares of Petrofac Limited (LON:PFC) in a report published on Tuesday. Royal Bank Of Canada currently has a GBX 1,050 ($13.00) price target on the stock.
A number of other equities analysts have also issued reports on the stock. Barclays PLC reiterated an overweight rating and set a GBX 1,165 ($14.42) target price on shares of Petrofac Limited in a research report on Monday, July 11th. Liberum Capital reiterated a buy rating and set a GBX 1,000 ($12.38) target price on shares of Petrofac Limited in a research report on Monday, August 15th. Societe Generale upgraded shares of Petrofac Limited to a hold rating in a research report on Friday, July 22nd. Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,100 ($13.61) target price on shares of Petrofac Limited in a research report on Friday, October 7th. Finally, Deutsche Bank AG assumed coverage on shares of Petrofac Limited in a research report on Wednesday, August 31st. They set a hold rating and a GBX 900 ($11.14) target price on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 973.20 ($12.04).
Shares of Petrofac Limited (LON:PFC) traded down 0.74% during midday trading on Tuesday, hitting GBX 934.50. 536,806 shares of the company’s stock traded hands. Petrofac Limited has a 1-year low of GBX 635.00 and a 1-year high of GBX 1,016.09. The company has a 50 day moving average price of GBX 857.32 and a 200 day moving average price of GBX 818.71. The firm’s market capitalization is GBX 3.18 billion.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, September 22nd.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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